Last updated on April 25th, 2019 at 02:32 pm
The new Clarified International Standards on Auditing replaced previous UK and Irish auditing standards and are effective for audits of financial statements for periods ending on or after 15 December 2010.
The new clarified ISAs introduced significant changes to audits and will therefore require a lot of effort and work by audit firms to ensure they implement and understand the new standards. If you are concerned about training your team, your routine or specialist audits, or receiving a clean bill of health from your governing body the Mercia Group can help plug the gaps.
Mercia can do this by running a Clarified ISA Coaching session that can either be done on a one-to one basis or alternatively as a training exercise to a small group. The session will be carried out in your offices using one of your own audit files.